CION Investment (CION) to Release Earnings on Thursday

CION Investment (NYSE:CIONGet Rating) is set to post its quarterly earnings results before the market opens on Thursday, August 11th.

CION Investment (NYSE:CIONGet Rating) last posted its quarterly earnings data on Thursday, May 12th. The company reported $0.34 earnings per share for the quarter. The business had revenue of $41.68 million during the quarter. CION Investment had a return on equity of 8.18% and a net margin of 47.28%.

CION Investment Trading Up 1.7 %

CION stock opened at $9.31 on Thursday. The company has a market capitalization of $530.28 million and a P/E ratio of 8.39. CION Investment has a twelve month low of $7.83 and a twelve month high of $15.09. The business has a 50 day simple moving average of $9.16 and a 200-day simple moving average of $11.25.

Insider Activity

In related news, CFO Keith S. Franz purchased 20,000 shares of the firm’s stock in a transaction that occurred on Friday, May 13th. The stock was purchased at an average cost of $10.50 per share, with a total value of $210,000.00. Following the completion of the acquisition, the chief financial officer now directly owns 35,000 shares in the company, valued at $367,500. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CFO Keith S. Franz purchased 20,000 shares of the firm’s stock in a transaction that occurred on Friday, May 13th. The stock was purchased at an average cost of $10.50 per share, with a total value of $210,000.00. Following the completion of the acquisition, the chief financial officer now directly owns 35,000 shares in the company, valued at $367,500. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Robert A. Breakstone purchased 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 2nd. The shares were bought at an average cost of $10.76 per share, with a total value of $32,280.00. Following the completion of the acquisition, the director now owns 3,000 shares of the company’s stock, valued at $32,280. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 28,360 shares of company stock valued at $301,129. 0.25% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Envestnet Asset Management Inc. purchased a new position in CION Investment in the second quarter worth $125,000. Heirloom Wealth Management purchased a new position in CION Investment in the first quarter worth $151,000. Renaissance Technologies LLC purchased a new position in CION Investment in the first quarter worth $170,000. Symphony Financial Ltd. Co. purchased a new position in CION Investment in the first quarter worth $193,000. Finally, Beacon Pointe Advisors LLC increased its position in shares of CION Investment by 90.5% in the first quarter. Beacon Pointe Advisors LLC now owns 24,920 shares of the company’s stock valued at $298,000 after buying an additional 11,839 shares in the last quarter. Hedge funds and other institutional investors own 3.48% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company raised CION Investment from an “equal weight” rating to an “overweight” rating and decreased their price objective for the company from $11.50 to $9.50 in a report on Monday, July 25th.

CION Investment Company Profile

(Get Rating)

CION Investment Corporation is a business development company. It specializes in investments in senior secured loans, including unitranche loans, First Lien, second lien loans, long-term subordinated loans, and mezzanine loans; equity interests such as warrants or options; and corporate bonds; and other debt securities in middle-market companies.

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Earnings History for CION Investment (NYSE:CION)

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